Jpmorgan Indian Investment Share Discussion Threads

[v01101999] 03/2/2007 02:25

any link where you can track NAV - share price discounts for ITs.

[pinhead3] 30/1/2007 14:57

You can't apply chart formations to ITs it just doesn't make any sense. You need to look at the underlying NAV and discount to share price
The discount on JII has been gradually widening over the last few weeks as a result of the share price going sideways & the investments it holds going up in value.

The two ways of looking at it are that
a) the market is going cooler on investing in India despite the performance anticipating a higher risk in a downturn in the Indian markets.
b) this a good buying oppportunity to buy into JII.

ITs are a long term investment not for trading if you believe the Indian market is going to continue to growth then there is no reason not to buy in.

[v01101999] 30/1/2007 08:14

do you know anyway we can buy Indian Stocks? Do any brokers trade it OR we have to be restricted to these investment trusts.

[stevecarolinep] 29/1/2007 13:05

TH - not looking too healthy to me - gold looks in much better shape! Steve

[trader horne] 29/1/2007 10:58

most peculiar chart formation,TA interpretation anyone? Hope it's not "topped and going sideways".

[stevecarolinep] 20/1/2007 15:13

Greenpastures - thank you very much - I'll look at that with much interest. Steve

[greenpastures] 19/1/2007 08:36

Steve if you go to the Nasdaq site you can get the whole news item on emerging markets, at least it is there at the moment. General view is that emerging market fund managers believe long term fundamental changes are in place and positive for the asset class.


'....Markets corrected last summer on the heels of a wider global turndown, but bounced back quickly. And there are other more positive events that are also holding up the markets. "Why Thailand and Venezuela can be overpowered is that Brazil could get [an] investment grade [rating on its debt] this year. This is something I really never thought I'd live to see."

"What we're saying is as long as Brazil, Russia, India and China, three of the four of those stay healthy, stay growing, stay full of attractive outlooks, emerging markets will do just fine. They will not need that cataclysmic event causing a wiping out of excesses in the market," he said......,

[martinc] 15/1/2007 09:14

Thanks schober - I did have some JRS but sold too early about a year ago! Putin's anger seems directed at foreign companies not Russion ones, so I reckon the Russian stockmarket is only indirectly at risk. So it still looks good value to me, but I can't bring myself to buy back in.

Nice to see JII up again today, to return to topic.

[stevecarolinep] 12/1/2007 08:43

Greenpastures - thank you. I agree - I am just wary of a fairly major correction in US Indices which would have a major knock on in indian (and other) indices - just going to sit out for a bit until it happens or confidence returns because it looks like it won't. Steve

[schober] 11/1/2007 22:26

if you're tempted by russia, have a read of tony robertsons artiles; heres 2


07.01.2007
Russia - Power Back Firmly Back In The Hands Of Putin's Former KGB Gang
In the second of our ground breaking series on the Kremlin's crude takeover of Russia's oil and gas sector, oilbarrel.com looks at the appratchiks who are terrorising western companies


01.01.2007
Russia - Doing Business With People Who Think They Can Get Away With Murder Literally And Metaphorically Is Never Easy
oilbarrel.com has led the fielding in exposing the Kremlin's crude nationalisations in the oil and gas sector. In a new three part series we look at moves leading up to Shell's humiliation with Sakhalin-2 and what happens next. In part one, we ask whether BP could be next on President Putin's hit parade

[greenpastures] 11/1/2007 21:02

You need to be careful that you don't get whipsawed steve, that's a sure way to lose money. A good rule is if the fundamentals haven't changed to stick to the course.

I don't think I would call India risk free but the country is a functioning democracy, has a growing middle class, large numbers are being raised from poverty by the market reforms and industrial and agricultural development, has a large number of well educated people etc. The economy is growing strongly and appears to set on that course for years baring catastrophies that could of course catch us unawares.

[stevecarolinep] 11/1/2007 13:50

and POG...

That said, JRS has provided some very nice profit over the last couple of years - but not without a degree of concern hovering in the background. I used to go to Russia a lot on her majesty's business (ooh listen to me!) and remember having lunch in a resteraunt in st petersburg when a chap at another table was shot twice in the head by someone who just walked through without even pausing. That can happen in a lot of places - the thing that surprised me was that the other diners hardly took any notice and carried on eating. Very strange... Anyway not in JRS at the moment... Steve

[trader horne] 11/1/2007 13:26

invest in Putin's Russia? LOL! Look at what happened to Shell &c &c

[martinc] 11/1/2007 09:23

Answred my own question: forward pe of about 20:


And Russia looks cheap.. if you trust Putin, I supose:

[martinc] 11/1/2007 09:20

What's the PE in India these days? I have a holding in JII but must admit I don't follow it closely... googled a bit and only found year old news items.

[trader horne] 10/1/2007 12:46

LOL! also feeling increasingly twitchy this week! Is JII going up or down - Mr Market will decide

[stevecarolinep] 10/1/2007 11:25

Intersting post - thanks - and interesting to see his thoughts on gold and your post on RRS - must stop meeting like this! Steve

[trader horne] 10/1/2007 11:17

Global Markets Face `Severe Correction,' Indian mkt cd get kicked
see post 7486 on BLT thread

[stevecarolinep] 10/1/2007 10:56

I am a bit twitchy about losses as I had a poor year last year - trying to stick to 'any profit is worth taking'. Don't think the fundamentals have changed and will be back in befre long. Never thought I'd be able to say that TXO is doing better than JII though?!!
Steve